MacMillan had been working at the original pocket-sized title since 1988.
The administrators for Reader’s Digest are in talks with potential buyers, understood to include the Budworth family, the owners of 125-year-old title The Lady.
The Lady’s owners refused to comment on reports that it was in the bidding, but did not deny the claims
Reader’s Digest UK arm had 117 staff prior to moving into administration.
Despite the uncertainties surrounding its future, the remaining team is working on its May issue and say that its April issue will be published in the second half of March.
Moore Stephens, the Reader’s Digest administrators, claim to have received approaches from 25 potential bidders.
The 70-year-old title went into administration in the UK on 17 February. Its US parent blamed the move on the UK pensions regulator turning down a rescue plan to resolve its pension liability.
Magazines
Reader's Digest ad director Flora MacMillan leaves after 22 years
Anne Cassidy, 11 March 2010, 9:12am
LONDON - Reader's Digest's UK advertising director Flora MacMillan is one of nine staff to be made redundant at the publisher since the company's slide into administration last month.
Readers Digest: UK redundancies announced
- Account Director - Leading Media Owner, Sphere Digital
- 50- 60k + COMMS, London, South East
- Media Sales Executive, Hunt4Staff
- £16,000 to £20,000 basic + uncapped commission (OTE £40,000 +), Newcastle-Under-Lyme
- Business Development Director - Audience Platforms (DSPs), Sphere Digital
- 85k + 50k bonus, East London
- Publisher Development Director; Video RTB, Sphere Digital
- £50,000 - £70,000 plus OTE, London
- Digital Media Account Manager, Bullfrog Digital LTD
- Up to £35,000 Basic + Commission Structure, Shoreditch
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